The Charles Schwab Corporation released its Monthly Activity
Report today. Company highlights for the month of April 2019
include:
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- Core net new assets brought to the
company by new and existing clients in April 2019 totaled negative
$0.3 billion. Net new assets excluding mutual fund clearing
totaled negative $1.2 billion. These flows reflect client cash
disbursements during tax season.
- Total client assets were $3.67 trillion
as of month-end April, up 11% from April 2018 and up 2% compared to
March 2019.
- New brokerage accounts were 147,000 in
April, up 4% from April 2018 and up 5% compared to March 2019,
representing the highest April for new accounts in 19 years.
About Charles Schwab
The Charles Schwab Corporation (NYSE: SCHW) is a leading
provider of financial services, with more than 360 offices and
11.9 million active brokerage accounts, 1.7 million corporate
retirement plan participants, 1.3 million banking
accounts, and $3.67 trillion in client assets as of April 30, 2019.
Through its operating subsidiaries, the company provides a full
range of wealth management, securities brokerage, banking, asset
management, custody, and financial advisory services to individual
investors and independent investment advisors. Its broker-dealer
subsidiary, Charles Schwab & Co., Inc. (member SIPC,
http://www.sipc.org), and affiliates offer a complete range of
investment services and products including an extensive selection
of mutual funds; financial planning and investment advice;
retirement plan and equity compensation plan services; referrals to
independent fee-based investment advisors; and custodial,
operational and trading support for independent, fee-based
investment advisors through Schwab Advisor Services. Its banking
subsidiary, Charles Schwab Bank (member FDIC and an Equal Housing
Lender), provides banking and lending services and products. More
information is available at www.schwab.com and
www.aboutschwab.com.
The Charles Schwab
Corporation Monthly Activity Report For April 2019
2018 2019
Change
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Jan
Feb
Mar
Apr
Mo.
Yr.
Market Indices (at month end) Dow Jones Industrial Average
24,163 24,416 24,271 25,415 25,965 26,458 25,116 25,538 23,327
25,000 25,916 25,929 26,593 3% 10% Nasdaq Composite 7,066 7,442
7,510 7,672 8,110 8,046 7,306 7,331 6,635 7,282 7,533 7,729 8,095
5% 15% Standard & Poor’s 500 2,648 2,705 2,718 2,816 2,902
2,914 2,712 2,760 2,507 2,704 2,784 2,834 2,946 4% 11%
Client
Assets (in billions of dollars) Beginning Client Assets 3,305.4
3,312.1 3,378.1 3,397.0 3,477.9 3,555.9 3,563.7 3,388.1 3,431.9
3,252.2 3,447.7 3,533.0 3,585.4 Net New Assets (1) 0.4 19.4 24.1
16.3 20.8 16.4 14.9 15.6 24.8 15.1 18.3 18.3 (0.3 ) (102%) (175%)
Net Market Gains (Losses) 6.3 46.6 (5.2
) 64.6 57.2 (8.6 ) (190.5
) 28.2 (204.5 ) 180.4
67.0 34.1 83.4 Total Client Assets (at
month end) 3,312.1 3,378.1 3,397.0
3,477.9 3,555.9 3,563.7
3,388.1 3,431.9 3,252.2
3,447.7 3,533.0 3,585.4
3,668.5 2% 11% Core Net New Assets (2) 9.9 19.4 24.1
16.3 20.8 16.4 14.9 15.6 24.8 15.1 18.3 18.3 (0.3 ) (102%) (103%)
Receiving Ongoing Advisory Services (at
month end)
Investor Services 274.7 279.1 280.0 287.0 292.0 292.7 280.3 284.7
272.4 286.9 294.2 298.4 305.7 2% 11% Advisor Services (3) 1,451.6
1,478.0 1,488.7 1,525.5 1,555.3 1,559.2 1,485.8 1,510.1 1,436.1
1,514.2 1,551.6 1,572.8 1,608.0 2% 11%
Client Accounts (at
month end, in thousands) Active Brokerage Accounts (4) 11,081
11,145 11,202 11,243 11,310 11,423 11,479 11,529 11,593 11,653
11,712 11,787 11,870 1% 7% Banking Accounts (5) 1,230 1,240 1,250
1,262 1,274 1,283 1,289 1,297 1,302 1,312 1,313 1,300 1,310 1% 7%
Corporate Retirement Plan Participants 1,599 1,599 1,599 1,611
1,621 1,627 1,634 1,639 1,655 1,679 1,685 1,684 1,690 - 6%
Client Activity New Brokerage Accounts (in thousands) 141
122 121 118 132 119 133 115 132 131 115 140 147 5% 4% Inbound Calls
(in thousands) 2,034 1,852 1,814 1,849 1,964 1,715 1,976 1,681
1,839 1,924 1,742 1,882 1,966 4% (3%) Web Logins (in thousands)
55,980 56,234 56,491 57,137 62,797 53,923 59,261 54,654 53,920
64,563 60,121 63,692 65,669 3% 17% Client Cash as a Percentage of
Client Assets (6) 10.9 % 10.6 % 10.7 % 10.5 % 10.4 % 10.3 % 11.1 %
11.2 % 12.8 % 11.7 % 11.5 % 11.3 % 10.9 % (40) bp -
Mutual Fund and Exchange-Traded Fund
Net Buys (Sells) (7, 8)
(in millions of dollars)
Large Capitalization Stock 410 953 981 486 918 311 308 331 717
1,343 1,109 1,045 980 Small / Mid Capitalization Stock 359 753
1,195 768 (186 ) 151 (1,344 ) (456 ) (1,414 ) 1,329 638 302 136
International 809 372 (498 ) (529 ) 186 (88 ) (109 ) (418 ) (2,163
) 2,212 1,086 1,274 863 Specialized 122 (19 ) 383 520 (245 ) 73
(914 ) (397 ) (2,105 ) 124 609 750 (109 ) Hybrid (541 ) (241 ) (288
) (548 ) (678 ) (324 ) (1,313 ) (1,248 ) (2,985 ) (321 ) (309 )
(357 ) (228 ) Taxable Bond 1,661 1,002 928 879 965 1,371 (351 )
(836 ) (4,342 ) 3,956 2,871 1,923 3,029 Tax-Free Bond (113 ) 449
588 306 559 262 (591 ) (407 ) (409 ) 1,184 1,111 1,133 760
Net
Buy (Sell) Activity (in millions of dollars) Mutual Funds (7)
(36 ) (88 ) 555 (522 ) (1,936 ) (1,538 ) (5,734 ) (7,955 ) (21,372
) 6,740 2,312 1,850 1,860 Exchange-Traded Funds (8) 2,743 3,357
2,734 2,404 3,455 3,294 1,420 4,524 8,671 3,087 4,803 4,220 3,571
Money Market Funds (4,156 ) (2,245 ) (4,919 ) (4,801 ) 704 (1,933 )
2,546 8,515 13,548 4,944 (1,577 ) 1,785 (2,097 )
Average
Interest-Earning Assets (9) (in millions of dollars) 239,833
242,584 249,432 254,211 259,137 261,741 264,156 265,648 274,913
277,068 270,718 272,727 270,308 (1%) 13% (1)
April 2018 includes outflows of $9.5 billion from certain mutual
fund clearing services clients. (2) Net new assets before
significant one-time inflows or outflows, such as
acquisitions/divestitures or extraordinary flows (generally greater
than $10 billion) relating to a specific client. These flows may
span multiple reporting periods. (3) Excludes Retirement Business
Services. (4) In September 2018, the definition of active brokerage
accounts was standardized across all account types as accounts with
activity within the preceding 270 days. This change increased
active accounts by approximately 63,000. (5) In March 2019, banking
accounts were reduced by approximately 23,000 as a result of
inactive account closures. (6) Schwab One®, certain cash
equivalents, bank deposits and money market fund balances as a
percentage of total client assets. (7) Represents the principal
value of client mutual fund transactions handled by Schwab,
including transactions in proprietary funds. Includes institutional
funds available only to Investment Managers. Excludes money market
fund transactions. (8) Represents the principal value of client ETF
transactions handled by Schwab, including transactions in
proprietary ETFs. (9) Represents average total interest-earning
assets on the company's balance sheet.
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version on businesswire.com: https://www.businesswire.com/news/home/20190514005306/en/
MEDIA:Mayura HooperCharles SchwabPhone: 415-667-1525
INVESTORS/ANALYSTS:Rich FowlerCharles SchwabPhone:
415-667-1841
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